Ritchie Bros. Auctioneers Incorporated (TSE:RBA) Raises Dividend to $0.32 Per Share

Ritchie Bros. Auctioneers Incorporated (TSE:RBA) (NYSE:RBA) declared a quarterly dividend on Thursday, January 13th, Zacks reports. Shareholders of record on Friday, February 11th will be paid a dividend of 0.316 per share on Friday, March 4th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, February 10th. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.31.

Shares of TSE:RBA opened at C$77.67 on Friday. Ritchie Bros. Auctioneers has a 52 week low of C$64.17 and a 52 week high of C$94.96. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 75.52. The firm has a fifty day simple moving average of C$83.61 and a two-hundred day simple moving average of C$79.81. The stock has a market capitalization of C$8.59 billion and a P/E ratio of 39.89.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last released its quarterly earnings results on Thursday, November 4th. The company reported C$0.55 EPS for the quarter, topping analysts’ consensus estimates of C$0.43 by C$0.12. The firm had revenue of C$415.13 million for the quarter, compared to analysts’ expectations of C$410.38 million. On average, analysts expect that Ritchie Bros. Auctioneers will post 2.5199999 earnings per share for the current year.

A number of equities analysts recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Ritchie Bros. Auctioneers from C$65.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Monday, November 8th. Raymond James lifted their price target on shares of Ritchie Bros. Auctioneers to C$80.00 and gave the stock a “market perfom” rating in a research note on Tuesday, September 28th. TD Securities raised shares of Ritchie Bros. Auctioneers to a “buy” rating in a research note on Thursday, January 6th. Finally, Barrington Research reissued a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, November 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Ritchie Bros. Auctioneers presently has an average rating of “Hold” and an average target price of C$75.00.

About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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Dividend History for Ritchie Bros. Auctioneers (TSE:RBA)

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